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Spokesperson for Finance Division said on Thursday that investment-friendly policies of the federal government have started attracting foreign direct investment (FDI) which increased by 17 percent in December 2018 over the same period a year before. In a tweet, spokesperson of Finance Division stated, "Pakistan witnessed a 17% increase in FDI during December 2018 to $319.2 million as opposed to $272.8 million during the same month of December 2017."

Foreign direct investment inflows from China were $120.6 million followed by Norway and the Netherlands with investments of $65.2 million and $47.6 million respectively.

Prime Minister Imran Khan in his first address to the nation after taking oath of the office urged the overseas Pakistanis to invest their money in Pakistan and since then he has been asking overseas Pakistani and foreign investors during every foreign visit to explore investment opportunities in Pakistan.

An official said that increase in FDI and the country's exports are the only permanent solutions to daunting challenges of balance of payment crisis and debt. He said the present government is optimistic that foreign investment inflows in coming months are expected from friendly countries, especially from Saudi Arabia and the United Arab Emirates.

Copyright Business Recorder, 2019


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